Economic Times reports the company's gross business value (GBV) delivered a compound annual growth rate (CAGR) of 300 per cent over the last three years, it said in a statement.
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The Economic Times reports: In the recent Budget 2024 presentation, Finance Minister Nirmala Sitharaman highlighted several key initiatives for the energy sector. One notable announcement is the introduction of a new scheme for bio-manufacturing of bio plastics, bio pharmaceuticals, and bio polymers. Sandiip Bhammer, Founder and Co Managing Partner, Green Frontier Capital said “The decision to provide free electricity via rooftop solarization is a double win - it reduces the environmental impact and eases the financial burden on households. It’s a model initiative for sustainable development.”
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We're thrilled to announce that our investee company, RevFin Services Pvt Ltd, has secured $14 million in Series B funding, led by Omidyar Network India, with significant contributions from Companion Capital Limited (UK), ADB Ventures and esteemed angel investors. Green Frontier Capital proudly invested $2.2 million in the Series A round and will be investing an additional $1.5 million in this Series B round.
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ElectricPe, a Green Frontier Capital investee company, is making waves in the EV industry with its latest announcement. The EV charging platform plans to transform the EV ownership experience by introducing virtual and physical mobility centers. These centers, accessible through the ElectricPe App and physical stores, offer a one-stop solution for all EV needs, including charging, vehicle selection, financing, insurance, registration, and more.
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ElectricPe, a Green Frontier Capital investee company, plans to install 100,000 charging points in the next two years to meet the rising demand for electric vehicles. Since its mid-2021 launch, the platform has gained 200,000 app downloads and 50,000 active users. Currently operating in Bangalore, the company aims to expand to three additional cities, totaling 25,000 charging points each, within the next 18 months.
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Zero Cow Factory and Founders Sohil Kapadia and Parini Kapadia have been nominated for the prestigious ET Startup Award 2023 for their innovative precision fermentation concept seeking disruption in the alternative dairy sector.
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Economic Times features four EMotorad bicycles in their list of the best electric cycles.
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ET Retail Desk reports through this partnership, Emotorad hopes to expand its reach to a wider audience and gain a stronghold in the young-age category — aiming to see a 40 per cent growth in sales and expand its presence across both online and offline retail channels.
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ETtech reports the luxury direct-to-consumer (D2C) skincare and beauty brand founded by Sangeeta Jain and her two daughters Shubhika Jain and Suramya Jain, claims to be growing 300% year-on-year since its inception in 2017.
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ET Auto reports Emotorad has exported so far in FY23 over 50,000 units, against 17,000 units in FY22, to 18 countries and has also attained international profitability of USD 2 million in two years of its inception.
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Economic Times Auto reports Emotorad is set to achieve a 400% rise in revenue in the coming fiscal year owing to the growing demand for eco-friendly mobility alternatives in Tier 2 and Tier 3 cities across India, the company said.
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Economic Times’ Pranav Balakrishnan & Pranav Mukul report: according to those tracking the segment, both business models – deployed by BluSmart and by Uber and Ola – come with their own sets of opportunities and threats.
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A herd of Indian green unicorns could drive decades of economic growth. They will create lakhs of green jobs, save millions of tonnes of carbon emissions and generate thousands of crores of wealth for the country.
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Economic Times EnergyWorld reports the company said in a statement it is targeting financing of two million electric vehicles in five years as it aims to reach new states with footprints in 50 cities and targets adding 10,000 new customers.
Aprajeeta Tripathi for ET Brand Equity reports VCs, e-commerce giants and prominent D2C brand owners are exploring factors that would enable Indian entrepreneurs to build luxury brands for a global consumer audience, a market currently valued at 275 billion USD.
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Pranav Balakrishnan for Economic Times reports Lightspeed Venture Partners announced its maiden bet on an electric vehicle (EV) startup by leading a $13 million funding round in Bengaluru-based fast charging startup Exponent Energy on July 17.
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Lijee Philip & Saloni Shukla for Economic Times reports the government, World Bank and Small Industries Development Bank of India (SIDBI) are set to launch a $1 billion fund to provide guarantees against loan default to lenders financing purchase of electric two- and three-wheelers.
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Europe is one of the largest and fastest-growing markets for electric vehicles with an affluent customer base, which will provide EMotorad with a huge opportunity to produce electric cycles for the mass market, it said. The company said it is eying to sell some 3,000 e-bikes in the first few quarters across these five countries.
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Economic Times reports Battery Smart’s fresh funds would be used to expand to new territories, strengthen its technology, and build its team to continue scaling operations.
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Economic Times reports Nutrifresh has raised $5 million (Rs 38.8 crore) from investors for expansion and growth.
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